While everyone seems to have fallen asleep here, I thought I would share my experience with the "latest and greatest, award winning" indicators.

I was sent (sarcastically, I think), several links to the very latest indicators available which I normally would just delete but seeing as I had Time on My Side (Rolling Stones), I took a look.

They look so colourful and fancy now but STILL, all they are doing is painting a very beautiful picture of what happened in the past.

I haven't seen one that gives even the remotest indication of what to expect on the next bar.

I did a test and found the most obvious price action bar I could find which turned out to be a hammer at the end of a 3 week daily downtrend from which a 4 month uptrend erupted in a 1367 pip move, and ran most of these "award winning indicators" on it.

The best squiggly line I could find, triggered a "long" 20 days later and then it REVERSED in the middle of the trendiest part of the up move for only 420 pips! I think a blind man would have known not to get out at that point!

I really admire the traders who are profitable using indicators for they are far more clever than I.

Well, I gave them my best shot but now they are Gone, Gone, Gone (Robert Plant & Alison Krause - see I'm getting very modern and up to date now!).

Rock n Roll,
Strat